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EdTech Funding (Rows 2- 6)
Details pertaining to the funding and valuation of Byju's, VIPKid, 17zuoye, Zuoyebang, and Yuanfudao have been populated in rows 2-6 of the attached spreadsheet.
FINDINGS
We looked for media reports and press releases to ascertain whether the data provided by Crunchbase was accurate or not. In most cases, we found it to be correct except VIPKid and 17Zuoye where it varied slightly. Also, in most cases, the last funding round information and the total funding figure (where derived directly from a source) were published a day prior to the date reported on Crunchbase. For example, Equal Ocean reported on the day of its last funding round, 25th Dec 2018, that Yunanfudao had raised a total of $544 million till then. According to Crunchbase, Yunanfudao's last funding round was on 26th December 2018, when it raised $300 million to bring the total funding to $544 million. Therefore, it is not possible that the information published by Equal Ocean was derived from Crunchbase (at least the latest funding). As Equal Ocean reports news related to VC funding, it is likely that they have their own internal database, which they refer to while reporting total figures.
Byju
Total funding raised:
Therefore, funding raised to date = $826.5 million ($795.5M + $31M)
VIPKid
Total funding raised:
Funding raised in last round = $500 million (reported by Bloomberg on April 26th 2018; last funding date updated on the Crunchbase site is April 27th 2018, which means Crunchbase possibly did not derive the information from Bloomberg and vice versa)
Therefore, funding raised to date = $850 million (300M+350M)
17zuoye
Total funding raised:
Therefore, funding raised to date = $635 million (250M+385M)
Zuoyebang
Valuation:
The company did not disclose the valuation in the last funding round; however, a third-party estimates it to be between $1 billion and $2 billion.